On Thursday, fashion women's apparel brand Reformation Inc. (REF.US) made its debut on the US stock market. As of press time, the stock was trading up over 1.5% at $15.20.
The initial public offering price was set at $15 per share. Financial data shows that for the 13-week period ending March 28, Reformation Inc. generated revenue of $112.3 million, up from $86.1 million in the same period last year. However, its net loss widened to $12.1 million, compared to a net loss of $5.6 million in the prior year.